LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against SCANA Corporation (“SCANA” or the “Company”) (NYSE: SCG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between January 19, 2016 and September 22, 2017, inclusive (the “Class Period”) are encouraged to contact the firm before November 27, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, SCANA made false and/or misleading statements, and/or failed to disclose, adverse information regarding the construction of its project to build nuclear reactors at the V.C. Summer Nuclear Station in South Carolina, assuring investors that costs spending was prudent and substantial progress was being made, even when cost overruns and other delays began to materialize. On July 31, 2017, the Company announced that it would abandon construction of the nuclear project because of cost overruns and delays. On August 4, 2017, the South Carolina Attorney General announced the opening of an investigation into the Company’s abandonment of the nuclear project. On the same day, South Carolina state senators called for a special legislative session to investigate SCANA. On September 22, 2017, the South Carolina Attorney General publicly requested that the South Carolina State Law Enforcement Division launch a criminal investigation into the project. Following this news, SCANA’s stock price has dropped materially, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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